1. Interest before principal: the borrower repays the interest on a monthly basis, and the maturity date of the loan is to repay the loan principal in one lump sum. The calculation formula is: interest = principal × annual interest rate × loan term.

2. Matching principal and interest: the borrower pays interest according to a certain principal every month, and the interest generated by the monthly loan is calculated and settled according to the remaining principal at the beginning of the month. The calculation formula is: monthly repayment amount = [principal x monthly interest rate x( 1+ monthly interest rate) loan months ]/[( 1+ monthly interest rate) repayment months-1].

Tips: The above contents are for reference only.

Reply time: 202 1-08-03. Please refer to the latest business changes announced by Ping An Bank in official website.

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